XML 12 R69.htm IDEA: XBRL DOCUMENT v3.19.3
Debt & Non-recourse Debt - Schedule of Outstanding Borrowings (Details) - USD ($)
$ in Millions
Sep. 30, 2019
Aug. 31, 2019
Dec. 31, 2018
Debt Instrument [Line Items]      
Long-term debt, gross [1] $ 822   $ 612
Less: unamortized deferred financing costs and discount (7) [2],[3] $ (4) (8) [2],[3]
Long-term debt 815   604
Revolving Credit Facility      
Debt Instrument [Line Items]      
Less: unamortized deferred financing costs and discount (5)   (6)
Revolver with an average rate of 3.766%, due 2023 | Revolving Credit Facility      
Debt Instrument [Line Items]      
Long-term debt, gross 305   115
Line of Credit | Term loan with an average rate of 3.766%, due 2023      
Debt Instrument [Line Items]      
Long-term debt, gross 190   197
Less: unamortized deferred financing costs and discount (2)   (2)
Senior Notes | Senior notes with a rate of 6.125%, due 2024      
Debt Instrument [Line Items]      
Long-term debt, gross [1] 300   300
Less: unamortized deferred financing costs and discount (5)   (6)
Other Debt      
Debt Instrument [Line Items]      
Long-term debt, gross [1] 27   0
Non-recourse Debt      
Debt Instrument [Line Items]      
Long-term debt, gross [4] 804   766
Less: unamortized deferred financing costs and discount [5] (9)   (7)
Long-term debt 795   759
Non-recourse Debt | Timeshare Facility with an average rate of 3.164%, due 2021      
Debt Instrument [Line Items]      
Long-term debt, gross 0   120
Less: unamortized deferred financing costs and discount (3)   (3)
Non-recourse Debt | Securitized Debt with a rate of 2.280%, due 2026      
Debt Instrument [Line Items]      
Long-term debt, gross [4] 0   33
Non-recourse Debt | Securitized Debt with an average rate of 1.810%, due 2026      
Debt Instrument [Line Items]      
Long-term debt, gross 52   74
Non-recourse Debt | Securitized Debt with an average rate of 2.711%, due 2028      
Debt Instrument [Line Items]      
Long-term debt, gross 162   206
Non-recourse Debt | Securitized Debt with an average rate of 3.602%, due 2032      
Debt Instrument [Line Items]      
Long-term debt, gross 293   333
Non-recourse Debt | Securitized Debt with an average rate of 2.431%, due 2033      
Debt Instrument [Line Items]      
Long-term debt, gross $ 297   $ 0
[1] As of September 30, 2019 and December 31, 2018, weighted-average interest rates were 4.739 percent and 5.170 percent, respectively.
[2] Amount does not include deferred financing costs of $5 million as of September 30, 2019 and $6 million as of December 31, 2018, relating to our revolving facility included in Other Assets in our condensed consolidated balance sheets.
[3] Amount includes deferred financing costs related to our term loan and senior notes of $2 million and $5 million, respectively, as of September 30, 2019 and $2 million and $6 million as of December 31, 2018.
[4] As of September 30, 2019 and year ended December 31, 2018, weighted-average interest rates were 2.874 percent and 3.126 percent, respectively.
[5] Amount relates to securitized debt only and does not include deferred financing costs of $3 million as of September 30, 2019 and December 31, 2018 relating to our Timeshare Facility which are included in Other Assets in our condensed consolidated balance sheets.